Waiver Amount definition
Examples of Waiver Amount in a sentence
In exchange for electing to waive the Waiver Amount, subject to the terms and conditions set forth below, you are hereby granted the Option to purchase a total of Twenty Thousand Four Hundred Twenty-Six (20,426) Shares at the price of $5.875 per Share, which was the closing price of the Shares on April 23, 1999 (the "GRANT DATE").
You further recognize that all or a portion of your investment (i.e., your Waiver Amount) may be lost.
In exchange for electing to waive the Waiver Amount specified in Paragraph 2, above, you are hereby granted an option to purchase the number of shares of MicroAge, Inc.
If determined as of June 18, 2021, that amount would be estimated to be approximately eleven million, one hundred thousand U.S. dollars ($11,100,000), but as contemplated by the first sentence of this Paragraph 4.2.1, the Gross Deficiency Waiver Amount will not be finally determined until after the Effective Date.
An example of how such Conditional Waiver Amount is calculated is attached hereto as Exhibit B.
If Subtenant shall default in any of its obligations hereunder beyond applicable cure periods, Subtenant further agrees to reimburse the Rent Waiver Amount to Sublandlord, and to reimburse Sublandlord for all costs and expenses, including reasonable attorneys’ fees, incurred by Sublandlord in asserting or enforcing its rights hereunder against Subtenant or any assignee, sub-subtenant or other person claiming under Subtenant.
If the Distributable Amount equals or exceeds the Stated Distribution Amount as of the Winding Up Completion Date, without taking into account the waivers contemplated by Sections 1.5 and 1.6 hereof, the Aggregate Waiver Amount shall be zero.
If you are required to pay a Loss Damage Waiver Amount, you authorise us to debit any card or account we have on file for you.
NOTE: the MINIMUM Waiver Amount is $65,000 (10% of your current base salary) and the MAXIMUM Waiver Amount is $162,500 (25% of your current base salary).
Neither the Allocated Deficiency Waiver Amount nor the Allocated Principal Release Amount constitutes a release price for which Borrowers or Guarantor are entitled to obtain a release of a Property or any other Collateral from the lien of the Financing Documents.